Peter Drucker
Peter Drucker
Peter Ferdinand Druckerwas an Austrian-born American management consultant, educator, and author, whose writings contributed to the philosophical and practical foundations of the modern business corporation. He was also a leader in the development of management education, he invented the concept known as management by objectives and self-control, and he has been described as "the founder of modern management"...
ProfessionNon-Fiction Author
Date of Birth19 November 1909
technology benefits new-technology
For new technology to replace old, it has to have at least ten times the benefit.
wells wrong-things
There is nothing worse than doing the wrong thing well.
impact desert succeed
The monomaniac is unlikely to succeed. Most leave only their bleached bones in the roadless desert. But the rest of us, with our multiple interests instead of a single mission, are certain to fail and have no impact at all.
people form organisation
Any organisation develops people; it either forms them or deforms them.
organization people decision
Of all the decisions an executive makes, none is as important as the decisions about people, because they determine the performance capacity of the organization.
want ifs
If you want to predict the future create it.
purpose definitions enterprise
Business enterprise is an organ of society. There is only one valid definition of business purpose: to create a customer.
doe utility products
What the customer buys and considers value is never a product. It is always utility, that is, what a product or a service does for the customer.
jobs economic goods
Business exists to supply goods and services to customers and economic surplus to society, rather than to supply jobs to workers and managers or even dividends to shareholders.
skills discipline listening
Listening (the first competence of leadership) is not a skill, it is a discipline. All you have to do is keep your mouth shut.
growth luck prosperity
Luck never built a business. Prosperity and growth come only to the business that systematically finds and exploits its potential.
technology innovation economics
Above all, innovation is not invention. It is a term of economics rather than of technology.
innovation trying grandiose
Effective innovations start small. They are not grandiose. They try to do one specific thing.
views decision firsts
Decisions of the kind the executive has to make are not made well by acclamation. They are made well only if based on the clash of conflicting views...The first rule in decision-making is that one does not make a decision unless there is disagreement.